Om Galaxy IPO Review: Key Details, Company Overview and Financials

The Om Galaxy IPO is a bookbuilding issue of Rs 105 crore, comprising an entirely fresh issue of 1,16,67,200 equity shares, with no offer for sale component. The IPO will open for subscription on 10 September 2026 and close on 15 September 2026. The allotment is expected to be finalised on 16 September 2026, while the shares are proposed to list on the SME platform of BSE around 18 September 2026.

The Om Galaxy IPO price band is set at Rs 85 to Rs 90 per share, with a lot size of 1,600 shares. Individual investors must apply for a minimum of 2 lots (3,200 shares), requiring an investment of Rs 2,88,000 at the upper price band.

Indorient Financial Services Ltd. is the book-running lead manager for the Om Galaxy IPO, while Bigshare Services Pvt. Ltd. is the registrar to the issue.

For detailed information on the company's business, financials, risk factors and the proposed utilisation of proceeds, investors should refer to the Om Galaxy IPO Red Herring Prospectus (RHP) before making an investment decision.

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Company Overview

Incorporated in 2008, Om Galaxy Limited designs, develops and manufactures industrial moulds, including pipe-fitting moulds and automotive moulds, along with hot runner systems and cleaning products. Its products serve the building materials, plastics and polymer processing, and automotive components industries, offered through integrated in-house design, manufacturing and hot runner system capabilities that support customised solutions.

The company and its subsidiaries operate seven manufacturing units across Vasai and Pune, Maharashtra, and market 77 cleaning-product SKUs under the WONDRA brand. Om Galaxy exports to customers in North America, Asia and Africa, and had an order book of Rs 94.42 crore as of 30 June 2026, providing a degree of revenue visibility. The company plans to consolidate its operations into a new manufacturing facility to expand capacity and improve operating efficiency.

Read on for the complete Om Galaxy IPO details, including price band, lot size, listing timeline and the company's financial track record.

IPO Details

Particulars	Details
IPO Date	10 to 15 September 2026
Allotment	Wed, 16 September 2026
Listing Date	Fri, 18 September 2026 (tentative)
Price Band	Rs 85 to Rs 90
Lot Size	1,600 Shares
Issue Type	Bookbuilding IPO
Sale Type	Fresh Issue only (no OFS)
Total Issue Size	1,16,67,200 shares (agg. up to Rs 105 Cr)
Fresh Issue	1,16,67,200 shares (agg. up to Rs 105 Cr)
Offer for Sale	Nil
Listing Exchange	BSE SME

(Compiled from the RHP/DRHP and market updates)

Industry Context

• Industrial mould manufacturing is a foundational, capital-intensive segment that supplies critical tooling to the plastics, automotive components, building materials and consumer goods industries, with demand closely tied to manufacturing activity in these downstream sectors.
• Hot runner systems, which improve moulding efficiency and reduce material wastage, have seen rising adoption in India as plastics processors look to improve productivity and cost control.
• India's automotive components and building materials industries have both expanded in recent years, supporting demand for precision moulds used to manufacture parts and fittings at scale.
• Export demand for Indian mould manufacturers has grown as global buyers diversify their tooling supply chains, though this also exposes companies to currency movements and overseas market cycles.
• Consolidating multiple manufacturing units into a single larger facility, as Om Galaxy plans to do, is a common strategy among engineering product manufacturers seeking better cost control and operational efficiency as they scale.

Business Strengths

Here are the key strengths investors evaluating the Om Galaxy IPO should weigh:

• An established engineering business with operations since 2008, offering diversified exposure across moulds, automotive components, plastics processing and cleaning products.
• An order book of Rs 94.42 crore as of 30 June 2026 provides a reasonable degree of business visibility for the coming quarters.
• A healthy FY26 EBITDA margin of 26.33 percent and PAT margin of 13.42 percent, alongside ROCE of 20.39 percent and RoNW of 22.13 percent.
• The entire Om Galaxy IPO is a fresh issue with no offer for sale, meaning all net proceeds will support capacity expansion and debt reduction rather than a promoter exit.

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Business Risks

Alongside these strengths, the Om Galaxy IPO also carries the following business risks:

• FY26 profit growth slowed to around 5 percent even as revenue grew 10 percent, indicating some moderation in earnings momentum compared with prior years.
• Total borrowings rose from Rs 25.13 crore in FY25 to Rs 37.79 crore in FY26, adding to the company's debt levels.
• Consolidating operations into a new manufacturing facility carries execution risk, including potential delays or cost overruns during the transition.
• Demand is linked to cyclical automotive, plastics, construction and engineering industries, and export operations expose the company to currency and overseas-market risks.

Financial Performance

The Om Galaxy IPO comes after a period of steady but moderating growth. The company's total income increased by around 10 percent while profit after tax rose by around 5 percent between the year ended 31 March 2025 and 31 March 2026.

Om Galaxy Ltd. – Financials (Rs in Lakh)

Particulars	Fiscal 2026	Fiscal 2025	Fiscal 2024
Total Income	12,468.00	11,313.00	10,512.00
EBITDA	3,282.00	2,936.00	2,460.00
EBITDA Margin (%)	26.33%	25.96% (computed)	23.40% (computed)
Profit After Tax (PAT)	1,664.00	1,592.00	1,204.00
Net Worth	8,090.00	6,601.00	4,989.00
Total Borrowings	3,779.00	2,513.00	3,207.00
Return on Capital Employed (ROCE) (%)	20.39%	Not separately disclosed	Not separately disclosed

Amounts in Rs Lakh unless stated otherwise, compiled from published Om Galaxy IPO financial disclosures. EBITDA margin figures for FY25 and FY24 are computed from disclosed absolute figures. ROCE for FY25 and FY24 was not separately disclosed in the available data.

Key Ratios and Metrics

The table below summarises the key ratios and metrics relevant to the Om Galaxy IPO as of the latest reported period.

These ratios offer a quick snapshot of how the Om Galaxy IPO is priced relative to the company's profitability and net worth.

KPI (Mar 31, 2026)	Value
Return on Capital Employed (ROCE)	20.39%
Return on Net Worth (RoNW)	22.13%
PAT Margin	13.42%
EBITDA Margin	26.33%
Post-Issue EPS	Rs 4.91
Post-Issue P/E (at upper price)	18.33x
Price to Book Value	2.50x

Objects of the Offer

The company proposes to utilise the net proceeds from the Om Galaxy IPO towards the following objects.

• New manufacturing unit and capacity expansion (Rs 74.66 Cr)
• Repayment or prepayment of borrowings (Rs 14.00 Cr)
• General corporate purposes

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Conclusion

Here is the bottom line on the Om Galaxy IPO.

The Om Galaxy IPO reflects a diversified engineering business with an established operating history, healthy margins, and an order book that supports near-term revenue visibility, with the entire issue structured as a fresh issue.

However, slowing profit growth, rising borrowings, execution risk tied to facility consolidation, and exposure to cyclical end markets are factors that could affect the investment case for the Om Galaxy IPO.

Overall, investors weighing the Om Galaxy IPO should evaluate the company's business model, financial performance, industry outlook, competitive positioning, valuation and risk factors in detail, and carefully review the Red Herring Prospectus (RHP) before making an informed investment decision.

Univest does not publish grey market premium figures. Grey market premium is an unofficial and unregulated indicator collected informally outside the stock exchanges. It is not published, verified or endorsed by SEBI, NSE or BSE, can vary widely between trackers, and is not always accurate.

FAQs

What are the Om Galaxy IPO dates, and when will it list?

Ans. The Om Galaxy IPO opens for subscription on 10 September 2026 and closes on 15 September 2026. The allotment is expected to be finalised on 16 September 2026, and the shares are tentatively scheduled to list on the SME platform of BSE around 18 September 2026.

What is the price band and minimum investment for the Om Galaxy IPO?

Ans. The price band for the Om Galaxy IPO is set at Rs 85 to Rs 90 per equity share, with a lot size of 1,600 shares. Individual investors must apply for a minimum of 2 lots, or 3,200 shares, requiring an investment of Rs 2,88,000 at the upper price band.

Is the Om Galaxy IPO a fresh issue or does it include an offer for sale?

Ans. The entire Rs 105 crore Om Galaxy IPO is structured as a fresh issue of 1,16,67,200 equity shares, with no offer for sale component at all. This means, subject to issue expenses, all of the proceeds raised will flow into the company to fund its stated objects rather than being used to provide an exit for existing shareholders.

What does Om Galaxy Limited actually manufacture?

Ans. Om Galaxy designs, develops and manufactures industrial moulds, including pipe-fitting moulds and automotive moulds, along with hot runner systems used to improve plastic moulding efficiency, and a range of cleaning products marketed under its WONDRA brand across 77 SKUs. The company and its subsidiaries operate seven manufacturing units in Vasai and Pune, Maharashtra, and its integrated in-house design and manufacturing capabilities allow it to offer customised tooling solutions to customers in the plastics, automotive components and building materials industries.

How much revenue visibility does Om Galaxy have going into the IPO?

Ans. As of 30 June 2026, Om Galaxy reported an order book of Rs 94.42 crore, which provides a reasonable indication of near-term revenue the company expects to execute and recognise. The company also exports its products to customers in North America, Asia and Africa, adding a degree of geographic diversification to its order pipeline beyond the domestic market alone.

How will Om Galaxy use the proceeds from its fresh issue?

Ans. The largest allocation, Rs 74.66 crore, is earmarked for setting up a new manufacturing unit and expanding capacity, tied to the company's plan to consolidate its existing seven units into a more efficient operational footprint. A further Rs 14 crore is set aside for repayment or prepayment of borrowings, which should help ease the impact of total borrowings that rose to Rs 37.79 crore in FY26, with the remaining amount from the fresh issue going towards general corporate purposes.

What are the key strengths highlighted for the Om Galaxy IPO?

Ans. Om Galaxy brings nearly two decades of operating history in industrial mould manufacturing, with diversified exposure across automotive, plastics processing, building materials and cleaning products rather than dependence on a single end market. The company's FY26 EBITDA margin of 26.33 percent and PAT margin of 13.42 percent are healthy for an engineering manufacturer of its scale, supported by ROCE of 20.39 percent and RoNW of 22.13 percent. Because the entire issue is a fresh issue with no offer for sale, all net proceeds are directed towards capacity expansion and debt reduction rather than an exit for existing shareholders.

What are the main risks or concerns flagged for the Om Galaxy IPO?

Ans. The most notable trend to watch is that FY26 profit growth slowed to around 5 percent even though revenue grew 10 percent, suggesting some margin or cost pressure compared with the company's earlier growth phase. Total borrowings also rose from Rs 25.13 crore in FY25 to Rs 37.79 crore in FY26, and the company's plan to consolidate its seven manufacturing units into a new facility carries genuine execution risk, including possible delays or cost overruns during the transition. More broadly, demand for Om Galaxy's products is tied to cyclical automotive, plastics, construction and engineering activity, and its export operations add currency and overseas-market risk on top of typical SME liquidity considerations.

Who are the lead manager and registrar for the Om Galaxy IPO?

Ans. Indorient Financial Services Ltd. is the book-running lead manager for the Om Galaxy IPO, responsible for structuring and managing the offer process. Bigshare Services Pvt. Ltd. is the registrar to the issue and will handle the allotment process and crediting of shares to successful applicants' demat accounts.

Is the Om Galaxy IPO a good investment?

Ans. Om Galaxy offers exposure to a diversified, established engineering business with healthy margins, an order book that supports near-term visibility, and a fresh-issue-only structure that channels all proceeds into the business rather than a promoter exit. At the same time, slowing profit growth, rising borrowings, and execution risk tied to its facility consolidation plan are factors that call for a careful, selective approach. As always, investors should study the RHP in detail, monitor GMP and subscription trends, and assess their own risk appetite before applying.